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Review on Bitcoin Diamond by James Talbot
Bitcoin Diamond miners will begin creating blocks with a new proof-of-work…
Bitcoin Diamond miners will begin creating blocks with a new proof-of-work algorithm, and will consecutively develop and enhance the protection for account transfer and privacy based on original features of BTC. The original Bitcoin blockchain will continue on unaltered, and a new branch of the blockchain will split off from the original chain. It shares the same transaction history with Bitcoin until it starts branching and coming into a unique block from which it diverges. As a result of this process, a new cryptocurrency was created which we call “Bitcoin Diamond
Pros
- Bitcoin Diamond has raised the block size as part of a massive on-chain scaling approach. There is ample capacity for everyone’s transactions. The speed of generating blocks will be increased five times and the ultimate goal is to improve transaction confirmation speed for the entire BTC blockchain
Cons
- The BCD unexpected value may be reusable for the price prices (Bump-and-Dumb) in the field market. Show at the average price of this coin is a 23.78 USD, discount less than 30% in 24 hours.
